Swiss stocks - Factors to watch on November 18
18/11/2021 05:50
ZURICH/BERLIN, Nov 18 (Reuters) - The Swiss blue-chip SMI
.SSMI was seen opening 0.2% higher at 12,619 points on
Thursday, according to premarket indications by bank Julius Baer
JBPRE01 .
Here are some of the main factors that may affect Swiss
stocks:
HOLCIM HOLN.S
The world's largest cement maker unveiled its 2025 strategy,
which included plans to expand its solutions and products
business and lower its carbon footprint HOLN.S
Shares indicated up 1.6%
ZURICH INSURANCE ZURN.S
Zurich is on track to deliver on its 2022 targets, it said
ahead of an investor day presentation, stressing its strategy
and business mix allow "superior" returns to shareholders and
support its dividend policy ZURN.S
BALOISE HOLDING AG BALN.S
The insurer says it expects very good result in the life
business; outlook 2021 is to achieve a solid combined ratio in
its target range of between 90 and 95% BALN.S
BANKS
Two more Swiss banks breached their obligation to combat
money laundering and seriously violated supervisory law,
financial regulator FINMA said, as it concluded its
investigation into banks' dealings with Venezuela's state oil
company PDVSA. Banca Zarattini & Co SA and CBH Compagnie
Bancaire Helvétique SA were both in breach and have had measures
imposed upon them, FINMA said urn:newsml:reuters.com:*:nS8N2RI02Q
COMPANY STATEMENTS
* Roche Holding AG ROG.S : Roche launches COBAS 5800, a new
molecular diagnostics system to expand access to testing and
improve patient care ROG.S
* Implenia AG IMPN.S : joint venture consisting of Implenia
and Webuild group wins lot H41 of Brenner base tunnel; total
contract volume is around CHF 690 million (EUR 651 million)
IMPN.S
ANALYSTS' VIEWS
ALCON AG ALCC.S : BERENBERG RAISES TARGET PRICE TO CHF 90
FROM CHF 85
SIKA AG SIKA.S : CREDIT SUISSE RAISES TARGET PRICE TO CHF
412 FROM CHF 346
IDORSIA LTD IDIA.S : CITIGROUP CUTS PRICE TARGET TO CHF 23
FROM CHF 32.5
ECONOMY
Swiss trade surplus at CHF 5.65 bln in October; watch
exports rise nominal 12.5% y/y
Swiss Q3 industrial production due at 0730 GMT
(Reporting by Zurich newsroom and Berlin Speed Desk)
((+41 58 306 7336; zurich.newsroom@thomsonreuters.com))
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